Banaras Beads Limited has informed the Exchange regarding 'Intimation regarding Second Final Reminder cum Forfeiture Notice to Partly Paid-up Equity Shareholders in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (ISIN: INE655B01011).'.
BANARBEADS · price
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Banaras Beads Limited has issued a second and final reminder to shareholders who hold partly paid-up equity shares, asking them to pay the balance amount due. If these shareholders fail to make the payment, their shares will be forfeited by the company. This action is being taken under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The notice pertains to shares under ISIN INE655B01011. The forfeiture process means those shareholders stand to lose their entire equity holding if they do not respond.
Partly paid-up shareholders who ignore this notice will permanently lose their shares. For other shareholders, this is a routine housekeeping action that cleans up the company's capital structure by removing non-paying holders. Minimal direct impact on stock price is expected.